SB461: Revises provisions relating to economic development. (BDR 32-1070)

The bill

AN ACT relating to economic development; revising provisions governing abatements of certain taxes and transferable tax credits for certain businesses; authorizing the Office of Economic Development to approve a partial deduction of certain taxes for a person who intends to locate or expand a high-impact business in this State; authorizing the Board of Economic Development to deny an application for an abatement, deduction or transferable tax credits under certain circumstances; authorizing the Office to issue transferable tax credits for the location or expansion of a child care facility in this State; creating the Community Infrastructure Grant Program; revising provisions governing the State Plan for Economic Development; revising provisions governing programs of workforce recruitment, assessment and training; requiring the Office of Economic Development and the Department of Employment, Training and Rehabilitation to establish a program to reimburse certain expenses of certain students of the Nevada System of Higher Education; providing for the establishment of a program to provide stipends to certain employers whose employees teach in programs of career and technical education; revising provisions governing programs of career and technical education; authorizing businesses that recycle certain materials or produce certain fuels from recycled materials to apply to the Office for a partial abatement of certain taxes; and providing other matters properly relating thereto.